Waiver Deficiency definition
Waiver Deficiency means, as of the applicable Consent Period Expiration Date, an amount, if greater than zero, calculated in accordance with the following formula: Waiver Deficiency = (CA x B) + (CA x MSA) - (CB x A) - (ASA x A) -------------------------------------------- B + MSA
Waiver Deficiency means, as of any determination date, the amount by which the aggregate principal balance of Class A Notes held by consenting Class A Noteholders exceeds 89% of the sum of (a) the aggregate principal balance of Class A Notes held by consenting Class A Noteholders, Plus (b) the aggregate principal amount of Class B Notes held by consenting Class B Noteholders, plus (c) the Series 1996-1 Available Subordinated Amount, plus (d) the Letter of Credit Amount.
Waiver Deficiency means, as of the applicable Consent Period Expiration Date, an amount, if greater than zero, calculated in accordance with the following formula:
Examples of Waiver Deficiency in a sentence
REMEDIAL PROVISIONS 14 6.1. Communications with Obligors 14 6.2. Pledged Securities 14 6.3. Proceeds to be Turned Over to Administrative Agent 16 6.4. Application of Proceeds 16 6.5. Code and Other Remedies 17 6.6. Remedies for Intellectual Property 19 6.7. Waiver; Deficiency 20 6.8. Governmental Approvals 20 6.9. Certain Customer Information 21 SECTION 7.
REMEDIAL PROVISIONS 19 6.1. Communications with Obligors; Grantors Remain Liable 19 6.2. Pledged Securities 19 6.3. Proceeds to be Turned Over to Administrative Agent 20 6.4. Application of Proceeds 21 6.5. Code and Other Remedies 22 6.6. Remedies for Intellectual Property 25 6.7. Waiver; Deficiency 26 SECTION 7.
More Definitions of Waiver Deficiency
Waiver Deficiency means, as of the applicable Consent Period Expiration Date, an amount, if greater than zero, calculated in accordance with the following formula: (CA*B) + (CA*MSA) - (CB*A) - (ASA*A) Waiver Deficiency = ____________________________________________________ B + MSA where "A" refers to the Class A Invested Amount, "B" refers to the Class B Invested Amount, "MSA" refers to the Minimum Subordinated Amount, "CA" refers to the invested amount of the Notes of the consenting Class A Noteholders, "CB" refers to the invested amount of the Notes of the consenting Class B Noteholders and "ASA" refers to the Series 1995-1 Available Subordinated Amount, in each case as of such Consent Period Expiration Date.